Investments: Tenere Capital LLC

Aktie	Ticker	2025/Q4		2025/Q3		2025/Q2		2025/Q1
		Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)
		129.053.970 $	-264.099.287 $	424.023.266 $	+58.074.456 $	390.464.870 $	+38.798.677 $	363.416.204 $	+363.416.204 $
BANK OF AMERICA CORP /DE/	BAC	62.548.301 $	-155.666.560 $	218.214.861 $	+19.653 $	218.195.208 $	-9.158.052 $	227.353.260 $	+227.353.260 $
MICROSOFT CORP	MSFT	4.347.744 $	-27.641.884 $	31.989.628 $	-5.095.272 $	37.084.900 $	+11.875.209 $	25.209.691 $	+25.209.691 $
AMAZON COM INC	AMZN	7.303.145 $	-26.261.203 $	33.564.348 $	+9.971.586 $	23.592.762 $	+2.400.462 $	21.192.300 $	+21.192.300 $
NVIDIA CORP	NVDA	9.510.568 $	-18.365.230 $	27.875.798 $	-5.803 $	27.881.601 $	+4.192.226 $	23.689.375 $	+23.689.375 $
GOLDMAN SACHS GROUP INC	GS	8.717.922 $	-17.161.064 $	25.878.986 $	+8.414.547 $	17.464.439 $	+3.984.187 $	13.480.252 $	+13.480.252 $
ANALOG DEVICES INC	ADI	4.775.561 $	-19.740.499 $			24.516.060 $	+24.516.060 $
NETFLIX INC	NFLX			23.913.658 $	+23.913.658 $
NICOLET BANKSHARES INC	NIC			14.970.334 $	+2.604.970 $	12.365.364 $	-8.535.299 $	20.900.663 $	+20.900.663 $
APPFOLIO INC	APPF	12.712.717 $	-4.525.734 $	17.238.451 $	+3.942.409 $	13.296.042 $	-6.544.610 $	19.840.652 $	+19.840.652 $
EQUINIX INC	EQIX			16.001.593 $	-66.901 $	16.068.494 $	+16.068.494 $
HUBBELL INC	HUBB			12.250.495 $	+12.250.495 $
ALPHA PRO TECH LTD	APT	6.791.161 $	-4.958.850 $					11.750.011 $	+11.750.011 $
GENERAL ELECTRIC CO	GE	4.146.392 $	+4.146.392 $
CATERPILLAR INC	CAT	3.695.584 $	+3.695.584 $
ELI LILLY & Co	LLY	2.828.558 $	+2.828.558 $
Klarna Group plc	KLAR	1.676.317 $	-448.797 $	2.125.114 $	+2.125.114 $
		129.053.970 $	-264.099.287 $	424.023.266 $	+58.074.456 $	390.464.870 $	+38.798.677 $	363.416.204 $	+363.416.204 $